Definition of living trust
: a trust that becomes effective during the lifetime of the settlor — called also
inter vivos trust
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Recent Examples of living trust from the Web
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Revocable living trusts also don't get special estate tax treatment.
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Revocable living trusts are designed to eliminate the potential costs and delays of probate, not of the estate tax system.
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First Known Use of living trust
1913
Law Dictionary
Learn More about living trust
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See words that rhyme with living trust Britannica.com: Encyclopedia article about living trust
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